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Net Worth Network

Archive: Working from home

Cory’s origin story: starting the network

In early December, my cousin Derek called me up with a number of questions about a web-based business.

He told me about an idea, where he’d develop an internet resource for Canadian entrepreneurs. He needed some input from a web guy, which happened to be me since I do freelance website development. Derek was looking for a partner to help him along and complement what he brings to the table.

A preliminary agreement and some baby steps

After some thought, I agreed to work with him even though I’ve had some interesting business partnerships in the past. Of course, those past partnerships provided me with plenty of food for thought and gave me lots of ideas about working for yourself. Derek and I discussed a number of key points of agreement (which we’ll explore in future posts) and felt that a multi-phase rollout for the website was a good idea.

I immediately suggested a weblog as a starting point since it was something we could set up and grow without spending any money. I’ve got some experience writing for other blogs and feel it’s an essential component for any small business. After explaining the basics of the system to Derek, we registered a domain name and installed the software on my current server using MediaTemple’s alternate domain system.

An eye to the future

In the coming weeks, Derek and I are going to write about our business experiences, how we’re coping with full time jobs and specific business goals, provide money saving tips for entrepreneurs, and what we’re learning as we follow our business plan. In addition, I’ll be writing a bit about my background and some of the things I’ve learned as a freelance web designer working from home (with a young child), and Derek will be making his own contributions, but I’ll let him speak for himself in another post.

Also, we’d like to contribute to the great (and growing) body of work out there by sites like Get Rich Slowly, No Credit Needed, Blueprint for Financial Prosperity, and all the others.

For now, though, we’ll take our baby steps and with some hard work and careful thought we’ll see this thing blossom and turn into the resource we know it can be.


Bigger isn’t always better when it comes to small business

There’s an excellent guest spot on Get Rich Slowly that describes an entrepreneurial journey from a low-paying job to economic self-sufficiency over the course of a decade.

To me, the most striking part of the story is the way that the author and her husband turned their backs on growing the company, knowing that they’d made sound financial decisions in the past and that they could maintain their current lifestyle by realistically assessing their needs and wants and making a decision based on those criteria. In the end, the couple ended up working less than when they had a bag full of clients that was ready to burst at the seams.

The entry from Millionaire Mommy Next Door provided me with a couple of good ideas that I’ll integrate into my own plans. I like that MMND made a decision that didn’t necessarily confirm with popular thinking — so many people would have chosen to expand. I also like the fact that these people made it on their own, and they were smart about it, and you know they’re going to be smart about it moving forward.

Anyways it’s inspiring stuff and well worth the read.